Should You Buy Occidental Petroleum Corporation (OXY)’s Shares?

Occidental Petroleum Corporation (NYSE:OXY) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.

Oil giant Occidental Petroleum Corporation (NYSE:OXY)'s shares are up by 19% over the past year and 17% year-to-date. It is one of several oil stocks in Berkshire Hathaway's filings. It disclosed a $332 million stake courtesy of 7.45 million shares in the third quarter of 2019. Berkshire bumped up the number of shares that it held to 18.9 million in the fourth quarter of 2019 and the first quarter of 2020. However, from the average price of $47.28 in Q3 2019, the price dropped to $15.75 in Q2 2020, when the firm exited its position. It then disclosed holding 136 million Occidental Petroleum Corporation (NYSE:OXY) shares in Q1 2022 and has gradually increased its count since then. The latest stake is worth $17.2 billion.

Banking giant Barclays discussed Occidental Petroleum Corporation (NYSE:OXY) on May 26th. It bumped the rating to Overweight from Equal Weight and the share price target to $72 from $59. Barclays discussed Occidental Petroleum Corporation (NYSE:OXY)'s debt in the context of soaring oil prices due to the Iran war. Barclays believes the prices c

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/buy-occidental-petroleum-corporation-oxy-172708072.html)